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NORTHFORK PUD <br /> <br />ADDENDUM TO PARK DEDICATION AGREEME~T <br /> <br /> ADDENDUM to Park Dedication Agreement, hereinafter "ADDE~,:DUM", <br /> made this ~ day of May, 1989, by and between North For):, Inc., <br /> hereinafter "DEVELOPER"; and the City of Ramsey, Anoka County, <br /> State of Minnesota, hereinafter "CITY". <br /> <br /> 1. WHEREAS, CITY and DEVELOPER have entered into a certai.~ <br />Pa'rk Dedication Agreement, hereinafter "AGREEMENT", dated February <br />19, 1987, and attached hereto as Exhibit "A" and incorporated <br />herein; and <br /> <br /> 2. WHEREAS, Paragraph 6 of the AGREEMENT reserved the <br />determination of Park Dedication requirements for that portion of <br />the Northfork PUD located southerly of !53rd Avenue N.W. , <br />hereinafter "future phase"; and <br /> <br /> 3. ~q{EREAS, the future phase consists of approximately 137 <br />acres; and <br /> <br /> 4. ~q{EREAS, the City Code generally permits the CITY to <br />require 10% of the acreage of any plat to be dedicated for park <br />purposes; and <br /> <br /> 5. WHEREAS, the CITY has indicated its desire to take park <br />dedication for the future phase in land; and <br /> <br /> 6. W/{EREAS, since the execution of the AGREE¥~ENT the CITY <br />has identified certain specific public"park use needs %,hich can <br />best be satisfied by the dedication of land located in areas of the <br />Northfork PUD other than the future phase and DEVELOPER is %'i!ling <br />to dedicate such alternate land as partial satisfaction of park <br /> <br /> <br />